Daily HR News 14.1.2025
1. Mandatory EPF contribution for foreign workers a step in right direction
Malaysia's plan to mandate Employees Provident Fund (EPF) contributions for foreign workers is a positive move. This policy aims to enhance social security for foreign employees, ensuring they have retirement savings similar to local workers. It also promotes equitable treatment in the workforce, potentially improving Malaysia's appeal to international labor.
Source: https://www.nst.com.my/news/nation/2025/01/1160839/mandatory-epf-contribution-foreign-workers-step-right-direction
2. Issue multiple-entry visas for Bangladeshi workers, Malaysia told
Bangladesh's Expatriates' Welfare and Overseas Employment Minister, Imran Ahmad, has urged Malaysia to issue multiple-entry visas for Bangladeshi workers to facilitate their return home during holidays. He also called for the establishment of a dedicated desk at Kuala Lumpur International Airport to assist these workers. Ahmad made these requests during a meeting with Malaysia's Human Resources Minister, V Sivakumar, in Dhaka
Source: https://www.freemalaysiatoday.com/category/nation/2025/01/14/issue-multiple-entry-visas-for-bangladeshi-workers-malaysia-told/
3. Malaysia eyes bilateral agreements to improve social protection for migrant workers
Malaysia is pursuing bilateral agreements to enhance social protection for migrant workers, aiming to improve their welfare and working conditions. This initiative seeks to address issues such as inadequate housing, unfair wages, and lack of access to healthcare, ensuring that migrant workers receive fair treatment and legal protection. The government is collaborating with countries like Indonesia to establish comprehensive frameworks that safeguard the rights of these workers.
Source: https://themalaysianreserve.com/2025/01/14/malaysia-eyes-bilateral-agreements-to-improve-social-protection-for-migrant-workers/
4. Malaysia’s job market poised for stability in 2025
Malaysia's job market is expected to remain stable in 2025, driven by strong domestic demand, government job creation initiatives, and a resurgence in tourism. Notably, 98.4% of investment projects approved between 2021 and March 2024 are progressing, fostering employment across various sectors. As of November 2024, the unemployment rate has declined to a post-pandemic low of 3.2%.
Source: https://hrmasia.com/malaysias-job-market-poised-for-stability-in-2025/
5. Employers voice concerns over EPF coverage extension and rising biz costs
Malaysian employers are concerned about the government's plan to extend Employees Provident Fund (EPF) coverage to informal sector workers, citing potential increases in business costs. They urge the government to consider the financial impact on businesses and suggest alternative measures to support informal workers without imposing additional burdens on employers.
Source: https://themalaysianreserve.com/2025/01/14/employers-voice-concerns-over-epf-coverage-extension-and-rising-biz-costs/